The figure includes previously reported tranches of $120m in December and $60m in April 2017, the former featuring conglomerate Dalian Wanda.

China-based artificial intelligence technology producer SenseTime has closed a $410m series B round backed by real estate-focused conglomerate Dalian Wanda, China Money Network reported yesterday.

The round valued SenseTime at more than RMB10bn ($1.5bn) and was reportedly raised across two tranches, though their sizes are higher than previously reported and they feature a larger number of investors.

CDH Investments led a series B1 close for the company in December 2016 that was at the time reported as being $120m in…